Lia Holmgren: Scanner turns bearish on mega caps amid new fear mode

Lia Holmgren: Scanner turns bearish on mega caps amid new fear mode
Mega caps bearish on scanner fear mode

Several mega cap stocks showed bearish signals and entered fear mode over the weekend as identified by a new feature in a market scanner. Lia Holmgren reported these findings and warned that the market is most likely heading down. She also posted institutional buying levels for all mega cap stocks.

Holmgren previously highlighted that the S&P500 has recorded gains in nearly every November-through-June period since 1942, averaging 14 percent returns, according to historical data. She has also pointed to potential concerns around AMZN, noting that confidence in the stock could be tested by a major share sale by Jeffrey, as reported earlier. These observations add to her ongoing tracking of institutional activity in mega cap stocks.

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